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Tuesday Headlines: HSBC to exit capital markets and M&A businesses in U.S. and Europe
By Matt Stichnoth,
CNBC.com: HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
New York Times: Senate Confirms Bessent as Treasury Secretary
Financial Times: Bessent pushes gradual 2.5% universal US tariffs plan
Bloomberg: Revolut Is Moving Into Commercial Real Estate Lending
New York Times: The Fed Is About to Hit Pause on Rate Cuts. Here’s Why.
New York Post: Goldman staffers fume over paltry bonuses after CEO Solomon’s $39M payout
Bloomberg: Trump Renews Universal Tariff Threat to ‘Protect Our Country’
Financial Times: Citigroup loses head of private banking unit
Wall Street Journal: KuCoin to Pay Nearly $300 Million for Operating an Unlicensed Money Transmitter in the U.S.
Reuters: Ex-Archegos CFO sentenced to 8 years after costly collapse roiled Wall Street
Bloomberg: Billionaire Beal’s Bank Scored Record Year After Tapping the Fed